PITTSBURGH -- Ansys today announced third quarter net income increased 5% year-over-year to $65.5 million.  

Revenue rose 10% over the same period to $234 million. 

Cash flow from operations increased 25% from a year ago. Business was strong in the North America and Asia-Pacific regions, and in much of Europe, offset in part by weakness in Germany.

"Our strong financial results reflect double-digit revenue growth in both North America and Asia-Pacific, driven by strength in our electronics, semiconductor and aerospace verticals," said CEO and President and Jim Cashman. "Our European business was mixed, with regional weakness in our Germany business, offset by improved growth in France, the UK, Italy and Spain."

The company also announced that former CEO and current chairman Peter Smith has stepped down and is being replaced on an interim basis by Ronald Hovsepian. Smith, who will be taking a medical leave of absence, remains a company director. 

Ansys guided for fourth quarter sales of $242 million to $251 million, and overall 2015 revenue of $983.1 million to $1.01 billion.

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